Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Oklo Inc. (NYSE:OKLO) saw unusually-high trading volume on Wednesday . Approximately 8,373,360 shares traded hands during trading, an increase of 54% from the previous session’s volume of 5,436,646 shares.The stock last traded at $20.67 and had previously closed at $21.80.

Wall Street Analysts Forecast Growth

Several research firms have commented on OKLO. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Price Performance

The company has a 50-day moving average price of $15.59 and a two-hundred day moving average price of $10.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. DRW Securities LLC purchased a new stake in Oklo in the 3rd quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo in the third quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo in the third quarter worth $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the third quarter valued at $6,493,000. Finally, Atom Investors LP purchased a new position in Oklo during the third quarter worth about $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.